Taseko Mines Limited Announces US$150 Million Bought Deal Financing

Executive Summary

• Taseko Mines announced a bought‑deal equity offering of 37,100,000 common shares at US $4.05 per share for gross proceeds of approximately US $150.3 million.
• The net proceeds will be used to repay indebtedness under the company’s revolving credit facility and for general corporate and working‑capital purposes.
• Closing is expected on or about October 22, 2025, subject to customary conditions; an over‑allotment option allows purchase of up to an additional 15% of the offering.

Key Details

• Underwriters: BMO Capital Markets and Canaccord Genuity Corp. (co‑lead managers); National Bank Financial Inc. (joint bookrunner) on behalf of a syndicate.
• Offering Size: 37,100,000 common shares; price US $4.05 per share; gross proceeds US $150,255,000.
• Over‑Allotment Option: Up to an additional 15% of the offering (≈5,565,000 shares) exercisable at the offering price for 30 days after closing.
• Use of Proceeds: Repayment of outstanding indebtedness under Taseko’s revolving credit facility; remainder for general corporate and working‑capital purposes.
• Closing Date: Expected on or about October 22, 2025, subject to customary closing conditions and required exchange approvals (TSX, NYSE American).
• Regulatory Filings: Prospectus supplement to the short‑form Base Shelf Prospectus dated June 30, 2025 will be filed with Canadian securities regulators (except Québec and Nunavut) and the U.S. SEC (Form F‑10). Documents will be available on SEDAR+ and EDGAR.
• Contact Information: Investor enquiries – Brian Bergot, Vice President, Investor Relations (778‑373‑4554); President & CEO Stuart McDonald.

Notable Quotes

• “The proceeds from this offering will strengthen our balance sheet by reducing debt and provide flexibility for ongoing operational initiatives,” said Stuart McDonald, President and CEO.